The Make it in the Emirates Forum ended on Wednesday with the signing of 32 agreements between government entities, industrial companies and finance institutions.
About 1,800 stakeholders from the industrial sector, investors and 24 leading companies participated in the two-day forum that was organised by the Ministry of Industry and Advanced Technology, in collaboration with the Abu Dhabi Department of Economic Development.
National companies committed Dh110 billion ($30bn) in potential purchasing agreements for existing and new partners.
The forum also included an exhibition highlighting opportunities and incentives across more than 11 priority sectors, and unveiled more than 300 products to be manufactured locally.
These products will contribute more than Dh6bn to the economy annually.
“The 32 agreements will diversify the industrial sector and enhance its sustainability, increasing the national industrial sector’s contribution to the UAE’s economic diversification,” the ministry said on Thursday.
Among the agreements, Adnoc signed pacts worth Dh21bn with local and international companies to purchase locally manufactured products.
Last year, the UAE launched Operation 300bn, an overarching strategy to position the country as an industrial centre by 2031.
The 10-year plan focuses on increasing the industrial sector's contribution to the country's gross domestic product to Dh300bn ($81.67bn) by 2031, from last year's Dh133bn.
The strategy focuses on boosting production in 11 priority sectors, supporting the growth of national industries, attracting foreign investment and ensuring availability of dedicated financing for local industrial companies.
The Make it in the Emirates forum also witnessed the unveiling of various incentives for manufacturers in the UAE.
They include financing up to 80 per cent of capital expenditure at low interest rates, with grace periods of two years and a repayment period of up to 15 years, as well as the reduction of industrial fees and service tariffs, efforts to introduce exports to new markets and the availing of funding via seven major finance institutions.
Added unveiled several programmes to support the industrial sector and enhance its competitiveness.
Some of the initiatives include the Abu Dhabi Local Content Programme and the Electric Tariff Incentive Programme.
Pakistan squad
Sarfraz (c), Zaman, Imam, Masood, Azam, Malik, Asif, Sohail, Shadab, Nawaz, Ashraf, Hasan, Amir, Junaid, Shinwari and Afridi
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
UAE currency: the story behind the money in your pockets
Pari
Produced by: Clean Slate Films (Anushka Sharma, Karnesh Sharma) & KriArj Entertainment
Director: Prosit Roy
Starring: Anushka Sharma, Parambrata Chattopadhyay, Ritabhari Chakraborty, Rajat Kapoor, Mansi Multani
Three stars
England's all-time record goalscorers:
Wayne Rooney 53
Bobby Charlton 49
Gary Lineker 48
Jimmy Greaves 44
Michael Owen 40
Tom Finney 30
Nat Lofthouse 30
Alan Shearer 30
Viv Woodward 29
Frank Lampard 29
Fixtures
Sunday, December 8, Sharjah Cricket Stadium – UAE v USA
Monday, December 9, Sharjah Cricket Stadium – USA v Scotland
Wednesday, December 11, Sharjah Cricket Stadium – UAE v Scotland
Thursday, December 12, ICC Academy, Dubai – UAE v USA
Saturday, December 14, ICC Academy, Dubai – USA v Scotland
Sunday, December 15, ICC Academy, Dubai – UAE v Scotland
Note: All matches start at 10am, admission is free
Mohammed bin Zayed Majlis
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Profile of Tamatem
Date started: March 2013
Founder: Hussam Hammo
Based: Amman, Jordan
Employees: 55
Funding: $6m
Funders: Wamda Capital, Modern Electronics (part of Al Falaisah Group) and North Base Media
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
UAE currency: the story behind the money in your pockets
The biog:
From: Wimbledon, London, UK
Education: Medical doctor
Hobbies: Travelling, meeting new people and cultures
Favourite animals: All of them
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Brentford v Newcastle United
Arsenal v Manchester City
Everton v Manchester United
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Walls
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KILLING OF QASSEM SULEIMANI
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